You want to start your own small business. Write a letter to a bank requesting information about obtaining a business loan to finance your new company. In your letter, include the following information: 1) what kind of business you want to start 2) how much money you need 3)the length of time over which you would expect to repay the money. Write at least 150 words. You do NOT need to write any addresses

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Dear Sir/Madam, I am Theo Akl. I am writing

this

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letter to seek information regarding a business loan for my startup. I want to open my small cafe in the town. I have been working in a cafe as a senior manager for two years. I believe that, in

this

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area, cafes attract a large portion of customers of all ages. In our town, there is only one coffee shop, which is

also

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always closed.

Hence

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, it is a good startup opportunity in

this

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city. I require 50,000 dollars for my startup, including investment in equipment and furniture. I have attached the list of my expenditures with

this

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letter. I need a loan for five years. I have talked to my accountant, and our estimated profit will be 10,000 dollars after the deduction of everything, which can help us to pay the loan back during the repayment period. I would greatly appreciate it if you could provide any information about your plans and interest rates. Thank you for your assistance in

this

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matter, and I look forward to your prompt response. Please feel free to contact me at [email protected] if you need any clarification. Yours Sincerely, Theo Akl.

maangaganpreet51Tue Nov 19 2024

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task achievement

Ensure all relevant details are provided clearly, especially when describing the expected profit margin and repayment strategy.

coherence and cohesion

Keep coherence by linking paragraphs smoothly with linking words.

task achievement

Polite and professional tone throughout the letter.

coherence and cohesion

Clear and structured paragraphs, each with a distinct focus.

coherence and cohesion

Excellent greeting and closing, establishing a professional tone.

3
Linking words
meeting the goal of 7 or more
0
Word repetition
meeting the goal of 3 or fewer
0
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 8.0

Logical structure

Single idea per paragraph

Greeting and closing

Accurate linking words

Variety in linking words

Lexical resource: 9.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 8.0

Complete response

Suitable writing tone

Appropriate word count

7 paragraphs

198 words

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Topic Vocabulary:

business loan
finance
capital
entrepreneur
startup
investment
repayment period
repayment schedule
principal amount
interest rate
financial assistance
business plan
profit potential
market analysis
industry opportunities

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